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April 23, 2017

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ASE Group, AUO announce March performance results

TAIPEI, Taiwan -- Advanced Semiconductor Engineering Group (ASE, 日月光) and AU Optronics (AUO, 友達) yesterday announced their performance results for March and the first quarter of this year, with both companies recording month-on-month improvements of 22.3 percent and 20.7 percent respectively.

ASE Group yesterday announced consolidated revenues of NT$19.867 billion over March, recording a 15.9 percent year-on-year gain. Revenues throughout the first quarter of this year reached NT$54.7 billion, down by 14.8 percent but improved by 13.5 percent on a year-on-year basis.

In March ASE's IC materials sales, assembly and testing arms garnered revenues of NT$12.449 billion while recording a 15.6-percent month-on-month growth and a 10-percent year-on-year growth. Throughout the first quarter, revenues for the same divisions for the group reached NT$34.351 billion, down 9.4 percent quarter-on-quarter but up 9.7 percent year-on-year.

According to institutional investors, the company's revenues performance in March benefited from strong demand for telecommunications, computing and automotive electronics applications among its IC design clients upstream on the supply chain, which had sustained a high volume of shipments of electronic manufacturing services, and system in package (SiP) output.

Impact of K7 Plant Closure Minimal: Institutional Investors

Institutional investors stated that the impact of the compulsory closure of the company's K7 plant was estimated at about 2 percent, as opposed to previous projections ranging from 4 to 5 percent, as losses were mitigated by clients' demand volume that exceeded expectations.

For the second quarter institutional investors expect the company's performance to regain its usual pace and exceed the previous period's results, with the K7 plant anticipated to resume production as soon as by the end of April.

AUO Reports Strong Performance Gains in March

Meanwhile, revenues for March reached NT$34.017 billion, gaining 20.7 percent month-on-month, but declining by 10.3 percent year-on-year.

In the first quarter of this year the company's consolidated revenues reached NT$93.802 billion, declining by 8.7 percent quarter-on-quarter, and holding steady from figures recorded a year ago.

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